Missouri Trust & Investment Co Sells 139 Shares of Microsoft Corporation (NASDAQ:MSFT)

Missouri Trust & Investment Co decreased its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,709 shares of the software giant’s stock after selling 139 shares during the quarter. Microsoft comprises 9.1% of Missouri Trust & Investment Co’s holdings, making the stock its 3rd largest holding. Missouri Trust & Investment Co’s holdings in Microsoft were worth $25,793,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of MSFT. Ball & Co Wealth Management Inc. bought a new position in shares of Microsoft during the 4th quarter valued at about $31,000. Fiduciary Advisors Inc. bought a new stake in Microsoft during the fourth quarter valued at about $38,000. LSV Asset Management purchased a new stake in shares of Microsoft in the fourth quarter worth about $44,000. IFS Advisors LLC raised its position in Microsoft by 50.0% during the first quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock valued at $57,000 after purchasing an additional 50 shares during the period. Finally, Fairway Wealth LLC bought a new position in Microsoft in the fourth quarter worth approximately $62,000. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In related news, insider Bradford L. Smith sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the transaction, the insider directly owned 471,036 shares in the company, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Judson Althoff sold 16,000 shares of the business’s stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the transaction, the executive vice president directly owned 98,010 shares in the company, valued at approximately $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MSFT shares. Stifel Nicolaus raised their target price on Microsoft from $475.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Bank of America decreased their price objective on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Jefferies Financial Group increased their price target on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. KeyCorp reaffirmed a “sector weight” rating on shares of Microsoft in a research note on Thursday, April 17th. Finally, Wells Fargo & Company boosted their price objective on shares of Microsoft from $565.00 to $585.00 and gave the stock an “overweight” rating in a report on Wednesday, June 25th. Four research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $538.04.

Microsoft Stock Performance

NASDAQ:MSFT opened at $511.70 on Friday. The stock has a market cap of $3.80 trillion, a P/E ratio of 39.54, a price-to-earnings-growth ratio of 2.30 and a beta of 1.04. The firm’s fifty day simple moving average is $476.35 and its 200 day simple moving average is $427.88. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $513.37. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.94 earnings per share. As a group, research analysts predict that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.65%. Microsoft’s dividend payout ratio is currently 25.66%.

About Microsoft

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.